Subrata Roy back in jail as SC refuses to extend parole

The Supreme Court on Friday refused to extend parole of Sahara chief Subrata Roy, sending him back to Delhi’s Tihar jail.

The apex court also send two other directors to jail.

The top court’s order came in response to the wrong statements on property provided by the group.

A bench headed by Chief Justice T.S. Thakur cancelled the “interim arrangements” of granting him parole after market regulator SEBI’s counsel Pratap Venugopal told the bench that all the properties given by Sahara to the market regulator were already under attachment by Income Tax authorities, IANS reported.

Roy has been out on parole since May when his mother had passed away. Later, his parole was extended on the condition of deposition of money for refunding to the investors.